JP Morgan Aims to bring these trillions of dollars of assets into DeFi. 

JP Morgan reveals its institutional-grade DeFi plans.

Tyrone Lobban, head of Onyx Digital Assets at JPMorgan revealed institutional-grade DeFi plans.

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Tokenizing US Treasuries, money market fund shares could all potentially be used as collateral in DeFi pools, Lobban noted.

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“The overall goal is to bring these trillions of dollars of assets into DeFi,” JP Morgan executive said at the Consensus 2022 in Austin, Texas.

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JP Morgan aims to use these new mechanisms for trading, borrowing and lending, but with the scale of institutional assets, Lobban stated.

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JPMorgan’s blockchain-based collateral settlement system was extended last month to include tokenized versions of BlackRock’s money market fund shares.

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These applications are settled in the bank’s in-house digital token JPM Coin, which has had $350 billion in trading volume, Lobban revealed.

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The bank is also a part of a DeFi pilot that is being led by the Monetary Authority of Singapore.

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